PVR: Bayer Aktiengesellschaft: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

EQS Voting Rights Announcement: Bayer Aktiengesellschaft Bayer Aktiengesellschaft: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution 29.11.2022 / 08:29 CET/CEST Dissemination of a Voting Rights Announcement transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Notification of Major Holdings 1. Details of issuer Name: Bayer Aktiengesellschaft Street: Kaiser-Wilhelm-Allee 1 Postal code: 51373 City: Leverkusen Germany Legal Entity Identifier (LEI): 549300J4U55H3WP1XT59 2. Reason for notification   Acquisition/disposal of shares with voting rights X Acquisition/disposal of instruments   Change of breakdown of voting rights   Other reason: 3. Details of person subject to the notification obligation Legal entity: The Goldman Sachs Group, Inc. City of registered office, country: Wilmington, DE, United States of America (USA) 4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached: 24 Nov 2022 6. Total positions   % of voting rights attached to shares (total of 7.a.) % of voting rights through instruments (total of 7.b.1 + 7.b.2) Total of both in % (7.a. + 7.b.) Total number of voting rights pursuant to Sec. 41 WpHG New 0.36 % 4.99 % 5.35 % 982424082 Previous notification 0.37 % 5.01 % 5.38 % / 7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG) ISIN Absolute In %   Direct (Sec. 33 WpHG) Indirect (Sec. 34 WpHG) Direct (Sec. 33 WpHG) Indirect (Sec. 34 WpHG) US0727303028 0 242516 0 % 0.02 % DE000BAY0017 0 3285585 0 % 0.33 % Total 3528101 0.36 % b.1. Instruments according to Sec. 38 (1) no. 1 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in % Right To Recall Open 1896656 0.19 % Right Of Use Open 1768381 0.18 % Swap 03.11.2026 94215 0.01 % Call Warrant 03.11.2026 183923 0.02 % Future 16.12.2022 50013 0.01 % Call Option 20.12.2024 5563185 0.57 % Forward 25.01.2023 2494 0.0003 %     Total 9558867 0.97 % b.2. Instruments according to Sec. 38 (1) no. 2 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in % Call Warrant 31.12.2030 Cash 2460592 0.25 % Swap 23.11.2032 Cash 2632143 0.27 % Call Option 31.03.2035 Cash 10200416 1.04 % Put Option 20.12.2030 Cash 3466483 0.35 % Forward 20.12.2024 Cash 1159723 0.12 % Future 20.12.2030 Cash 15743651 1.60 % Put Option 15.12.2023 Physical 3816331 0.39 %       Total 39479339 4.02 % 8. Information in relation to the person subject to the notification obligation   Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.). X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity: Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more) The Goldman Sachs Group, Inc. % % % GSAM Holdings LLC % % % NNIP Holdings LLC % % % NNIP UK Holdings I Ltd % % % NNIP UK Holdings II Ltd % % % NNIP Holdings I B.V. / NNIP Holdings II B.V. % % % NN Investment Partners Holdings B.V. % % % - % % % The Goldman Sachs Group, Inc. % % % GSAM Holdings LLC % % % Goldman Sachs Asset Management, L.P. % % % Goldman Sachs Asset Management International Holdings L.L.C. % % % Goldman Sachs Asset Management Co., Ltd. % % % - % % % The Goldman Sachs Group, Inc. % % % GS Global Markets, Inc. % % % Goldman Sachs Finance Corp International Ltd % % % - % % % The Goldman Sachs Group, Inc. % % % Goldman Sachs (UK) L.L.C. % % % Goldman Sachs Group UK Limited % % % Goldman Sachs International Bank % % % - % % % The Goldman Sachs Group, Inc. % % % Goldman Sachs Bank USA % % % Goldman Sachs Bank Europe SE % % % - % % % The Goldman Sachs Group, Inc. % % % Goldman, Sachs & Co. Wertpapier GmbH % % % - % % % The Goldman Sachs Group, Inc. % % % GS Finance Corp. % % % - % % % The Goldman Sachs Group, Inc. % % % IMD Holdings LLC % % % United Capital Financial Partners, Inc. % % % United Capital Financial Advisers, LLC % % % - % % % The Goldman Sachs Group, Inc. % % % Goldman Sachs (UK) L.L.C. % % % Goldman Sachs Group UK Limited % % % Goldman Sachs International % % % - % % % The Goldman Sachs Group, Inc. % % % Folio Financial, Inc. % % % Folio Investments Inc. % % % - % % % The Goldman Sachs Group, Inc. % % % Murray Street Corporation % % % Sphere Fundo De Investimento Multimercado - Investimento No Exterior Credito Privado % % % Sphere Fund % % % - % % % The Goldman Sachs Group, Inc. % % % Goldman Sachs & Co. LLC % % % - % % % The Goldman Sachs Group, Inc. % % % The Goldman Sachs Trust Company, National Association % % % The Goldman Sachs Trust Company of Delaware % % % - % % % The Goldman Sachs Group, Inc. % % % Goldman Sachs Do Brasil Banco Multiplo S/A % % % 9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting: Proportion of voting rights Proportion of instruments Total of both % % % 10. Other explanatory remarks: Date 28 Nov 2022 29.11.2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

Language:	English
Company:	Bayer Aktiengesellschaft
	Kaiser-Wilhelm-Allee 1
	51373 Leverkusen
	Germany
Internet:	www.bayer.com

End of News	EQS News Service

1499819  29.11.2022 CET/CEST